Rising wedge formation on Apple, could head lower.
Apple (AAPL) is currently within a rising wedge formation; and the top of the wedge nearly coincides with the previous peak back between September and October of 2018. They also have some potential fundamental headwinds with the US/China trade tension, and the hype from their new Iphone and new apple products might begin to wane. The 225-230 level is proving to be a difficult resistance to break. The target of the rising wedge would put the price roughly around $180, but I am also watching the 50/100/200 day MA's as possible bounce points.
MA Guide (All daily for this post):
50 MA in Green.
100 MA in Yellow.
200 MA in Red.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
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MA Guide (All daily for this post):
50 MA in Green.
100 MA in Yellow.
200 MA in Red.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> binance.us/?ref=35000668
הערה
Still within the rising wedge formation. If price breaks above 230 and starts using that level as support, then the rising wedge would likely become invalidated: הערה
Tagged that 230ish resistance level: העסקה בוטלה באופן ידני
Wedge was invalidated.
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.